IFC PLOTS MAJOR INVESTMENT IN BRAZIL PET BOTTLE RECYCLING
July 1st, 2010
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is considering helping to create a new US dollar USD23 million bottle-to-bottle plastic recycling facility in São Paulo, Brazil. Unnafibras Textil already recycles more than one billion bottles-a-year into raw materials, but the quality of the new resin would be good enough to sell a soft-drinks bottling plant on Paraiba province, north-east Brazil, said the IFC. It plans to provide USD13 million equity financing, to be augmented by private lenders and cash. The company already can ...
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